Misplaced Pages

#208791

68-466: Reddit ( / ˈ r ɛ d ɪ t / ) is an American social news aggregation , content rating , and forum social network. Registered users (commonly referred to as "Redditors") submit content to the site such as links, text posts, images, and videos, which are then voted up or down ("upvoted" or "downvoted") by other members. Posts are organized by subject into user-created boards called "subreddits". Submissions with more upvotes appear towards

136-494: A $ 4.5 million ransom from Reddit. This attack did not involve data encryption like typical ransomware campaigns. In February 2024, Reddit announced a partnership with Google in a deal worth about $ 60   million per year, to license its real-time user content to train Google's AI model. The partnership also lets Reddit get access to Google's "Vertex AI" service which would help improve search results on Reddit. In March 2024 it

204-584: A 12-hour sitewide blackout on January 18, 2012, in protest of the Stop Online Piracy Act . In May 2012, Reddit joined the Internet Defense League , a group formed to organize future protests. Yishan Wong joined Reddit as CEO in 2012. Wong resigned from Reddit in 2014, citing disagreements about his proposal to move the company's offices from San Francisco to nearby Daly City , but also the "stressful and draining" nature of

272-898: A brainstorming session to pitch another startup, the idea was created for what Graham called the "front page of the Internet". For this idea, Huffman and Ohanian were accepted in Y Combinator's first class. Supported by the funding from Y Combinator, Huffman coded the site in Common Lisp and together with Ohanian launched Reddit in June 2005. Embarrassed by an empty-looking site, the founders created hundreds of fake users for their posts to make it look more populated. The team expanded to include Christopher Slowe in November 2005. Between November 2005 and January 2006, Reddit merged with Aaron Swartz 's company Infogami, and Swartz became an equal owner of

340-413: A collective vision and awareness of how their actions are integrated with those of other individuals. Social news websites provide a new and innovative way to participate in a community that is constantly being flooded with new information. These social news websites "include opportunities for peer-to-peer learning, a changed attitude toward intellectual property , the diversification of cultural expression,

408-680: A common foundation named Baseplate. It was originally implemented in Python, but since 2019, parts of it have been reimplemented in Go for better performance. Reddit also runs its services through Kubernetes and uses Spinnaker for continuous delivery . In early 2009, Reddit started using jQuery . In 2017, Reddit announced it adopted TypeScript for its UI redesign. Reddit's search function has had many iterations and currently uses Lucidworks Fusion to implementation. In 2010, Reddit released its first mobile web interface for easier reading and navigating

476-510: A consolidated stream of information. NowThis News is a progressive social media-focused news organization founded in 2012. The company posts short (in most cases 15 seconds long) news videos and hyperpartisan content, which is primarily emotion-driven in order to generate views and shares. Voat , launched in April 2014 and discontinued in December of 2020, was also a social news website and

544-429: A funding round led by Sam Altman and including investors Marc Andreessen , Peter Thiel , Ron Conway , Snoop Dogg , and Jared Leto . Their investment valued the company at $ 500 million at the time. In July 2017, Reddit raised $ 200 million for a $ 1.8 billion valuation, with Advance Publications remaining the majority stakeholder. In February 2019, a $ 300 million funding round led by Tencent brought

612-441: A given subreddit were rolled out in 2018. Reddit Talk was announced in April 2021 as a competitor to Clubhouse . Reddit Talk lets subreddit moderators start audio meeting rooms that mimic Clubhouse in design. In 2022, Reddit Talk was updated to support recording audio rooms and work on the web version of Reddit. A desktop app is reportedly slated for a late February release. Reddit Public Access Network , commonly known as RPAN ,

680-589: A high flux rubidium beam". His thesis advisor was Professor Lene Hau . During his time as a research assistant at Harvard, he also began to devise computer programs. Whilst studying, in the final year of his PhD he and a group of other Harvard students received startup funding from Y Combinator for their company TBD, later renamed Memamp. "I just wanted to design something to make it easier to work on my thesis," Slowe explained. "And I'll still be happy if that's what I end up with." Memamp failed as both Google and Apple introduced software similar to that which Slowe

748-457: A lecture by programmer-entrepreneur Paul Graham in Boston, Massachusetts , during their spring break from University of Virginia . After speaking with Huffman and Ohanian following the lecture, Graham invited the two to apply to his startup incubator Y Combinator . Their initial idea, My Mobile Menu, was unsuccessful, and was intended to allow users to order food by SMS text messaging . During

SECTION 10

#1732771762209

816-714: A market cap of $ 9.5 billion. On May 16, 2024 it was announced that Reddit and OpenAI reached a deal that will allow OpenAI access to the Reddit API to train its models, while Reddit will receive certain AI tools for moderators and users. Reddit's share price increased by 42% after reporting its third quarter results in October 2024, where it recorded its first quarterly profit. The surge was also attributed in part to increases in revenue from AI content licensing and advertising, and reaching close to 100 million active users. Reddit

884-555: A move that senior leaders have considered publicly. In December 2021, Reddit revealed that it had confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission . In June 2022, Reddit acquired MeaningCloud , a natural language processing company. In September 2022, Reddit acquired Spiketrap for an undisclosed sum. In April 2023, Fidelity , the lead investor in Reddit's funding round in 2021, devalued its investment in Reddit by 41% cumulatively. It

952-661: A new image uploading tool, a move that shifted away from the uploading service Imgur that had been the de facto service. Users still can upload images to Reddit using Imgur. Reddit's in-house video uploading service for desktop and mobile launched in 2017. Previously, users had to use third-party video uploading services, which Reddit acknowledged was time-consuming for users. Reddit released its "spoiler tags" feature in January 2017. The feature warns users of potential spoilers in posts and pixelates preview images. Reddit unveiled changes to its public front page, called r/popular, in 2017;

1020-425: A new tool that allows users to hide posts, comments, and private messages from selected redditors in an attempt to curb online harassment , and new content guidelines. These new content guidelines were aimed at banning content inciting violence and quarantining offensive material. Slowe, the company's first employee, rejoined Reddit in 2017 as chief technology officer. Reddit's largest round of funding came in 2017 when

1088-404: A personalized Snoo (known as a "snoovatar"), and a Reddit premium trophy that can be displayed on the user's profile. Reddit Gold was renamed to Reddit Premium in 2018. In addition to gold coins, users were able to gift silver and platinum coins to other users as rewards for quality content. On the site, redditors commemorate their "cake day" once a year, on the anniversary of the day their account

1156-423: A social news site focusing on computer science and entrepreneurship , created by Paul Graham and run by his startup incubator, Y Combinator . feedalizr was a cross-platform, desktop social media aggregator built using Adobe Integrated Runtime that consolidates the updates from social media and social networking websites. Users can then use this application to update those sites from their desktop and view

1224-507: A stream of content from other Newsvine users. The "Top of the Vine" displayed the most voted and commented on articles of the day, week, month, or year. Additionally, Newsvine allowed members to create their own "Customizable Column", which could highlight a user's content posted, recent comments, and information about the specific Newsvine member. Hacker News , started in February 2007, is

1292-682: A system of user-created communities called "subreddits", which are essentially categories for a specific type of news. Comments on the featured posts are shown in a hierarchical fashion also based on votes. Users have the ability to earn " karma " for their participation and time on the website. Newsvine , started in March 2006, was a social news website mostly focused on politics, both international and domestic. The Newsvine home page allowed users to customize "seeds" and story feeds. Users received articles via "The Wire" from sources including The Associated Press or The Huffington Post , and from "The Vine"

1360-425: A total of 1.2 million) as of July 2018. Subreddit names begin with "r/"; for instance, " r/science " is a community devoted to discussing scientific publications, while "r/gaming" is a community devoted to discussing video games, and "r/worldnews" is for posting news articles from around the world. In a 2014 interview with Memeburn , Erik Martin, then the general manager of Reddit, remarked that their "approach

1428-508: A user revolt over the firing of a popular Reddit employee. During her tenure, Reddit initiated an anti-harassment policy, banned involuntary sexualization, and banned several forums that focused on bigoted content or harassment of individuals. After five years away from the company, Ohanian and Huffman returned to leadership roles at Reddit: Ohanian became the full-time executive chairman in November 2014 following Wong's resignation, while Pao's departure on July 10, 2015, led to Huffman's return as

SECTION 20

#1732771762209

1496-513: A way to increase revenue for the platform. Later, a five-day testing period began. During the testing period, streaming was for a select group of users, allowing 30 minutes of streaming per person and 100 slots. On July 1, 2020, RPAN Studio was released, an application that allows users to broadcast live from desktop computers. RPAN Studio has been built on top of OBS , an open-source streaming and recording program. On January 28, 2021, Reddit permanently increased streaming times to three hours. RPAN

1564-530: Is $ 10 billion. Reddit has received praise for many of its features, such as the ability to create several subreddits for niche communities, being a platform for raising publicity for numerous causes, and has grown to be one of the most visited websites on the Internet . It has also received criticism for spreading misinformation . The idea and initial development of Reddit originated with college roommates Steve Huffman and Alexis Ohanian in 2005, who attended

1632-410: Is a website comprising user-generated content —including photos, videos, links, and text-based posts—and discussions of this content in what is essentially a bulletin board system . The name "Reddit" is a play-on-words with the phrase "read it", i.e., "I read it on Reddit." According to Reddit, in 2019, there were approximately 430 million monthly users, who are known as "redditors". The site's content

1700-441: Is an American businessman. He gained his PhD in physics from Harvard University , and went on to co-found Reddit , with Aaron Swartz , Alexis Ohanian , and Steve Huffman . He later departed Reddit and began work for Hipmunk , where he was Chief Scientist. He returned to Reddit in 2017 and is currently its CTO. Slowe was awarded his PhD in physics from Harvard for his thesis "Experiments and simulations in cooling and trapping of

1768-519: Is buried enough times, it will be automatically deleted from the site. Digg offers a social networking service , as members can follow other members and build personal profiles with information about their interests. Reddit , started in June 2005, is a social news website where users can submit articles and comments and vote on these submissions. The submissions are organized into categories called "subreddits". Unlike Digg, with Reddit, users can directly affect an article's score. An "upvote" will increase

1836-429: Is divided into categories or communities known on-site as "subreddits", of which there are more than 138,000 active communities. As a network of communities, Reddit's core content consists of posts from its users. Users can comment on others' posts to continue the conversation. A key feature to Reddit is that users can cast positive or negative votes, called upvotes and downvotes respectively, for each post and comment on

1904-650: Is to give the community moderators or curators as much control as possible so that they can shape and cultivate the type of communities they want". Subreddits often use themed variants of Reddit's alien mascot, Snoo , in the visual styling of their communities. Reddit Premium (formerly Reddit Gold) is a premium membership that allows users to view the site ad-free. Until 2023, subscribers could also use coins to award posts or comments they valued, generally due to humorous or high-quality content. Reddit Premium unlocks several features not accessible to regular users, such as comment highlighting, exclusive subreddits such as r/lounge,

1972-423: Is very similar to Reddit visually and functionally. The site's userbase included a large number of alt right users, many of whom migrated to Voat after being banned on Reddit . Prismatic combined machine learning, user experience design, and interaction design to create a new way to discover, consume, and share media. Prismatic software used social network aggregation and machine learning algorithms to filter

2040-1067: The CEO of Reddit ( Steve Huffman ). Subreddits are overseen by moderators, Reddit users who earn the title by creating a subreddit or being promoted by a current moderator. Reddit users may also request to moderate a sub that has no moderators or very inactive ones in r/redditrequest. These requests are reviewed by the Reddit admins. Moderators are volunteers who manage their communities, set and enforce community-specific rules, remove posts and comments that violate these rules, and generally work to keep discussions in their subreddit on topic. Admins, by contrast, are paid to work for Reddit. Reddit also releases transparency reports annually which have information like how many posts have been taken down by moderators and for what reason. It also details information about requests law enforcement agencies have made for information about users or to take down content. In 2020, Reddit removed 6% of posts made on their platform (approx. 233 million). More than 99% of removals were marked as spam;

2108-582: The Conde Nast acquisition, Aaron Swartz resigning, and Huffman and Ohanian seeing out the legal duration of their contracts, before moving immediately to travel startup Hipmunk. Slowe remained Reddit's longest standing employee, and CEO, until 2010, when he left to become Chief Scientist at Hipmunk. There was much speculation as to the terms of his departure, but Slowe remained diplomatic, despite rumours of underfunding and understaffing by new owners Conde Nast. In an interview with TechCrunch he stated "it

Reddit - Misplaced Pages Continue

2176-499: The Lisp community, the change was justified by the efficiency and clarity Python provided for the project. This initiative not only influenced the technical evolution of Reddit but also contributed to the broader web development community by inspiring other frameworks and remaining a significant part of Reddit's history. (In 2020, Ohanian claimed that rather than Swartz being a co-founder, the correct description would be that Swartz's company

2244-623: The Vault. Richard Lawler of The Verge described them as " non-fungible tokens (NFTs) that are available for purchase in the Reddit Avatar Builder". In 2017, Reddit developed its own real-time chat software for the site. While some established subreddits have used third-party software to chat about their communities, the company built chat functions that it hopes will become an integral part of Reddit. Individual chat rooms were rolled out in 2017 and community chat rooms for members of

2312-456: The activity that redditors would recognize that helped define Reddit. These include subreddits "WTF", "funny", and "AskReddit". Reddit rolled out its multireddit feature, the site's biggest change to its front page in years, in 2013. With the multireddits, users see top stories from a collection of subreddits. In 2015, Reddit enabled embedding and as a result users could share Reddit content on other sites. In 2016, Reddit began hosting images using

2380-497: The change creates a front page free of potentially adult-oriented content for unregistered users. Social news Like many other Web 2.0 tools, social news websites use the collective intelligence of all of the users to operate. Social news websites also "impl[y] the technical, economic, legal, and human enhancement of a universally distributed intelligence that will unleash a positive dynamic of recognition and skills mobilization". Social news websites help participants to share

2448-423: The code and libraries written for Reddit were freely available on GitHub , with the exception of the anti-spam/cheating portions. In a September 2017 announcement, the company stated that "we've been doing a bad job of keeping our open-source product repos up to date", partially because "open-source makes it hard for us to develop some features 'in the clear'... without leaking our plans too far in advance", prompting

2516-556: The company raised $ 200 million and was valued at $ 1.8 billion. The funding supported Reddit's site redesign and video efforts. On June 5, 2020, Ohanian resigned as a member of the board in response to the George Floyd protests and requested to be replaced "by a Black candidate". Michael Seibel , then-CEO of Y Combinator, was subsequently named to the board. On December 13, 2020, Reddit announced it had acquired short-form video social platform Dubsmash , hiring its entire team, with

2584-430: The company's chief executive. After Huffman rejoined Reddit as CEO, he launched Reddit's iOS and Android apps, improved Reddit's mobile website, and created A/B testing infrastructure. The company launched a major redesign of its website in April 2018. Huffman said new users were turned off from Reddit because it had looked like a "dystopian Craigslist". Reddit also instituted several technological improvements, such as

2652-403: The company's valuation to $ 3 billion. In August 2021, a $ 700 million funding round led by Fidelity Investments raised that valuation to over $ 10 billion. The company then reportedly filed for an IPO in December 2021 with a valuation of $ 15 billion. Reddit debuted on the stock market on the morning of March 21, 2024 with the ticker symbol RDDT. The current—July 2024—market cap

2720-508: The content that aligns with the interests of a specific user. Prismatic integrated with Facebook, Twitter, and Pocket to gather information about user's interests and suggest the most relevant stories to read. Artifact was an iOS and Android app that used machine learning to personalize news recommendations to readers, and also had social features such as liking articles, commenting, and reputation scores for users. Christopher Slowe Christopher Brian Slowe (born November 8, 1978)

2788-452: The data pipeline. Reddit uses Redis and its implementation of HyperLogLog to cache approximate page views with an underlying Apache Cassandra cluster for persistence. For general caching of queries and memoization , Reddit uses memcached behind Facebook's memcached router, mcrouter. In 2017, it had almost 3.3 terabytes of memory on 54 EC2 instances dedicated to caching split across different pools. Services at Reddit are structured around

Reddit - Misplaced Pages Continue

2856-780: The decision to archive its public GitHub repos. As of November 10, 2009, Reddit decommissioned its servers which it owned and migrated to Amazon Web Services , using EC2 for application services and S3 for storage. Reddit uses PostgreSQL as its primary datastore. As part of an effort to be more data-driven, Reddit built a data analytics pipeline on top of Apache Kafka and Hive as its data warehouse . It uses Amazon's Elastic MapReduce to run Hadoop workloads across Hive and stores results in S3, eventually putting data in Amazon RDS for visualization purposes. It also uses HAProxy for load balancing and Jenkins and Apache Pig in

2924-509: The development of skills valued in the modern workplace, and a more empowered conception of citizenship ". These websites can help to shape and reshape democratic opinions and perspectives. Social news sites may mitigate the gatekeeping of mainstream news sources and allow the public to decide what counts as "news", which may facilitate a more participatory culture. Social news sites may also support democratic participation by allowing users from across geographic and national boundaries to access

2992-588: The editors pick out the best stories each day for the front page. Users can then post comments on the stories. The influx of web traffic that resulted from Slashdot linking to external websites led to the effect being called the Slashdot effect Digg , started in December 2004, introduced the voting system. This system allows users to "digg" or "bury" articles. "Digging" is the equivalent of voting positively, so that popular articles are displayed first. "Burying" does not lower an article's score. However, if an article

3060-465: The intention of integrating its video creation tools into Reddit. On March 5, 2021, Reddit announced that it had appointed Drew Vollero, who has worked at Snapchat 's parent company Snap (SNAP), as its first Chief Financial Officer weeks after the site was thrust into the spotlight due to its role in the GameStop trading frenzy. Vollero's appointment spurred speculation of an initial public offering,

3128-440: The new company. After Huffman and Ohanian left Reddit, Erik Martin, who joined the company as a community manager in 2008 and later became general manager in 2011, played a role in Reddit's growth. VentureBeat noted that Martin was "responsible for keeping the site going" under Condé Nast's ownership. Martin facilitated the purchase of RedditGifts and led charity initiatives. Reddit launched two different ways of advertising on

3196-501: The position. Ohanian credited Wong with the company's newfound success as its user base grew from 35 million to 174 million. Wong oversaw the company as it raised $ 50 million in funding and spun off as an independent company. Also during this time, Reddit began accepting the digital currency Bitcoin for its Reddit Gold subscription service through a partnership with bitcoin payment processor Coinbase in February 2013. Ellen Pao replaced Wong as interim CEO in 2014 and resigned in 2015 amid

3264-540: The remainder made up of a mix of other offensive content. Around 131 million posts were removed by the automated moderator and the rest were taken down manually. It is estimated that Reddit's moderators do a total of 466 hours of work every day, which totals up to $ 3.4 million in unpaid work each year. This roughly equates to 2.8% of the company's annual revenue. Subreddits (officially called communities) are user-created areas of interest where discussions on Reddit are organized. There are about 138,000 active subreddits (among

3332-427: The resulting parent company, Not A Bug. Swartz went on to help rewrite the software running Reddit using web.py, a web framework he developed. The passage from Aaron Swartz's blog post "Rewriting Reddit" reveals that the switch from Lisp to Python, specifically using the web.py framework developed by Swartz, was driven by a desire for simplicity, maintainability, and performance. Despite facing skepticism and critique from

3400-501: The same information, respond to fellow users' views and beliefs, and create a virtual sphere for users to contribute within. Fark , which started in 1997, features news on any topic. On Fark, users can submit articles to the administrators of the site. Each day, these administrators pick out 50 articles to display on the front page. Slashdot , started in 1997, was one of the first social news websites. It focuses mainly on science and technology-related news. Users can submit stories and

3468-425: The score and a "downvote" will decrease it. Articles with the highest scores are displayed on the front page. There is also a page for "controversial" articles, that have an almost equal number of upvotes and downvotes. Free speech debates have arisen due to the shutting down of obscene or potentially illegal "subreddits" (including /r/jailbait, a collection of sexually suggestive underage pictures.) Reddit introduced

SECTION 50

#1732771762209

3536-531: The site in 2009. The company launched sponsored content and a self-serve ads platform that year. Reddit launched its Reddit Gold benefits program in July 2010, which offered new features to editors and created a new revenue stream for the business that did not rely on banner ads. On September 6, 2011, Reddit became operationally independent of Condé Nast, operating as a separate subsidiary of its parent company, Advance Publications. Reddit and other websites participated in

3604-536: The site's numerous subreddits are visible on the front page to those who browse the site without an account. By default for those users, the front page will display the subreddit r/popular, featuring top-ranked posts across all of Reddit, excluding not-safe-for-work communities and others that are most commonly filtered out by users (even if they are safe for work). The subreddit r/all originally did not filter topics, but as of 2021 it does not include not-safe-for-work content. Registered users who subscribe to subreddits see

3672-447: The site. The number of upvotes or downvotes determines the posts' visibility on the site, so the most popular content is displayed to the most people. Users can also earn "karma" for their posts and comments, a status that reflects their standing within the community and their contributions to Reddit. Posts are sometimes automatically archived after six months, meaning they can no longer be commented or voted on. The most popular posts from

3740-434: The top content from the subreddits to which they subscribe on their personal front pages. Additionally, some subreddits have a karma and account age requirement to discourage bots and spammers from posting. Front-page rank—for both the general front page and for individual subreddits—is determined by a combination of factors, including the age of the submission, positive ("upvoted") to negative ("downvoted") feedback ratio, and

3808-490: The top of their subreddit and, if they receive enough upvotes, ultimately on the site's front page. Reddit administrators moderate the communities. Moderation is also conducted by community-specific moderators, who are unpaid volunteers. It is operated by Reddit, Inc. , based in San Francisco . As of August 2024, Reddit is the 9th most-visited website in the world . According to data provided by Similarweb , 51.75% of

3876-452: The topics that they engaged with, and allows the user to view it. On July 7, 2022, Reddit announced ' blockchain -backed Collectible Avatars', customizable avatars which are available on the subreddit r/CollectibleAvatars for purchase separate from Reddit Premium. The avatars were created by independent artists who post work on other subreddits, and who receive a portion of the profits. They use Reddit's Polygon blockchain-powered digital wallet

3944-438: The total vote-count. Registering an account with Reddit is free and requires an email address. In addition to commenting and voting, registered users can also create their own subreddit on a topic of their choosing. In Reddit style, usernames begin with "u/". Noteworthy redditors include u/Poem_for_your_sprog, who responds to messages across Reddit in verse, u/Shitty_Watercolour who posts paintings in response to posts, and u/spez,

4012-895: The website on touch screen devices. For several years, redditors relied on third-party apps to access Reddit on mobile devices. In October 2014, Reddit acquired one of them, Alien Blue, which became the official iOS Reddit app. Reddit removed Alien Blue and released its official application, Reddit: The Official App, on Google Play and the iOS App Store in April 2016. The company released an app for Reddit's question-and-answer Ask Me Anything subreddit in 2014. The app allowed users to see active Ask Me Anythings, receive notifications, ask questions and vote. The site has undergone several products and design changes since it originally launched in 2005. When it initially launched, there were no comments or subreddits. Comments were added in 2005 and interest-based groups (called 'subreddits') were introduced in 2008. Allowing users to create subreddits has led to much of

4080-582: The website traffic comes from the United States, followed by the United Kingdom at 7.15% and Canada at 7.09%. Reddit was founded by University of Virginia roommates Steve Huffman and Alexis Ohanian , as well as Aaron Swartz , in 2005. Condé Nast Publications acquired the site in October 2006. In 2011, Reddit became an independent subsidiary of Condé Nast's parent company, Advance Publications . In October 2014, Reddit raised $ 50 million in

4148-410: Was a live streaming service run by Reddit. Viewers interacted with streams by upvoting or downvoting, chatting, and giving paid awards. During the off-air hours, 24/7 streaming was possible to the dedicated subreddits, but with limited slots and capabilities. On August 19, 2019, Reddit announced RPAN. It was said to be in testing, but they were experimenting with making it a permanent program, as well as

SECTION 60

#1732771762209

4216-577: Was acquired by Reddit 6 months after he and Huffman had started.) Huffman and Ohanian sold Reddit to Condé Nast Publications , owner of Wired , on October 31, 2006, for a reported $ 10 million to $ 20 million and the team moved to San Francisco . In November 2006, Swartz blogged complaining about the new corporate environment, criticizing its level of productivity. In January 2007, Swartz was fired for undisclosed reasons. Huffman and Ohanian left Reddit in 2009. Huffman went on to co-found Hipmunk with Adam Goldstein , and later recruited Ohanian and Slowe to

4284-587: Was announced that Reddit would target a valuation of up to $ 6.4 billion in its U.S. IPO. The platform intends to sell 22 million class A common shares at a price between $ 31 and $ 34 alongside some of its investors, looking to raise up to $ 748 million. Reddit's initial public offering opened on March 20, 2024, at $ 34 per share and a $ 6.4 billion valuation. They went public the next day on the New York Stock Exchange at $ 47 per share and rose to $ 50.44 at market close on its first day of trading, reaching

4352-518: Was created. Cake day adds an icon of a small slice of cake next to the user's name for 24 hours. In August 2021, the company introduced a TikTok -like short-form video feature for iOS that lets users rapidly swipe through a feed of short video content. In December 2021, the company introduced a Spotify Wrapped -like feature called Reddit Recap that recaps various statistics from January 1 to November 30 about each individual user, such as how much time they spent on Reddit, which communities they joined, and

4420-410: Was officially discontinued on November 15, 2022. In 2019, Reddit tested a new feature that allowed users to tip others. It was only made available for a user named Chris who goes by the alias u/shittymorph , who was known for posting well-written comments, only for them to end with the same copypasta referencing the 1998 Hell in a Cell match between wrestlers The Undertaker and Mankind . Reddit

4488-496: Was originally written in Common Lisp but was rewritten in Python in December 2005 for wider access to code libraries and greater development flexibility. The Python web framework that Swartz developed to run the site, web.py , is available as an open source project. As of November 10, 2009, Reddit used Pylons as its web framework. Reddit was an open source project from June 18, 2008, until 2017. During that time, all of

4556-532: Was revealed in a monthly disclosure that Fidelity valued its stake at $ 16.6 million, down from its initial investment of $ 28.2 million which had valued the company at $ 10 billion. This was followed by an announcement in June 2023 of plans to layoff 5% of Reddit's workforce and to reduce the number of planned hires for the year. In June 2023, BlackCat hacker gang claimed responsibility for a February 2023 breach of Reddit's systems. On their data leak site, they claimed that they stole 80 GB of compressed data and demanded

4624-472: Was seeking to develop. Immediately upon graduating he left academia to join Reddit, a social news website. Reddit was acquired by Condé Nast Publications , the owner of technology Magazine WIRED in October 2006. Conde Nast wanted Reddit to "just focus on building out, which may involve adding to the current staff of four (all co-founders), who will all move from Boston to San Francisco and work at Wired's office." Fellow co-founders at Reddit departed after

#208791